Segro acquires 90% stake in Vailog
Real estate investment trust Segro has completed the acquisition of a 90% stake in Italian logistics real estate development company Vailog Srl.
FTSE 250
20,479.74
17:14 01/11/24
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FTSE 350
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17:14 01/11/24
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FTSE All-Share
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Real Estate Investment Trusts
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17:14 01/11/24
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SEGRO
784.40p
16:34 01/11/24
-0.10%
-0.80p
Late last month, the FTSE 250 group said it had agreed a £28.1m deal with FBH Spa, Vailog's majority stakeholder, which would see it establish a strategic big box warehouse and operating platform in the north Italy's logistics market.
“Northern Italy is one of the major Continental European logistics markets, benefiting from a strong manufacturing heritage and an affluent population," group chief executive David Sleath said in May.
Segro shares were up 1.35% to 420.00p at 15:49 on Tuesday.